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Sebi sees no NSE co-location scam

The Morning Standard

|

September 14, 2024

IN a dramatic volte-face, the Securities and Exchange Board of India (Sebi) on Friday threw out its own case against the NSE and its past management led by then CEO Chitra Ramakrishna and vice-chairman Ravi Narain in the co-location case, citing lack of evidence.

Sebi sees no NSE co-location scam

This paves the way for India's largest bourse to resume its public listing plan, which has been stalled since 2016 due to the co-location controversy.

The case relates to the alleged preferential access given to certain broking firms, including OPG Securities, at the NSE to connect across the colocation facilities.

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